What are the benefits of buying a house with social security provident fund?

The preferential policies for housing provident fund purchase are as follows: individual employees pay 5% to 12% of their salary, and the unit can double the subsidy funds according to the same proportion; The housing provident fund pays interest according to the current interest rate listed in the announcement, and the interest is calculated on a rolling basis; Housing provident fund is exempt from income tax, which reduces the tax burden; You can apply for a loan to buy a house with preferential interest rates; Long loan life can save money; Flexible repayment, you can repay the loan in advance.

Legal objectivity:

"Regulations on the Management of Housing Provident Fund" Article 25 The employee's withdrawal of the storage balance in the housing provident fund account shall be verified by the unit to which he belongs, and a certificate of withdrawal shall be issued. Workers apply to the housing provident fund management center for withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or disapprove the withdrawal, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures. Article 26 of the Regulations on the Management of Housing Provident Fund stipulates that employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.